There is no minimum amount required to open a Dream Saver Account. To calculate how much you need to save in order to achieve your dream, simply enter the value/cost of your dream in AED along with the tenure in which you aim to achieve it. The system automatically calculates the monthly amount you need to save in order to realise your dream.

You need to have an active Mashreq Current or Savings Account in order to open a Dream Saver Account.

Interest on the Dream Saver Account is accrued monthly on the principal amount and credited on liquidation/maturity to the same account. The principal+interest is then transferred to the destination account chosen by you at the time of account opening.

Yes, you will earn interest for the duration the funds have remained in the Dream Saver Account. However, the bank has the right to apply a premature withdrawal fee without any prior notice. This withdrawal fees will be the interest applicable for the total period for which the deposit has run less applicable penalty.

As mentioned in the question above, the product is not suitable for someone who anticipates the need to withdraw funds before completion of the savings period that was set up when opening the Dream Saver account, hence no Debit Card is provided for this account.
For day-to-day transactional needs a Mashreq Current or Savings account is more suitable.